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Looking for some assistance with a couple of questions for an assignment due soon. It's an intermediate acct class and is based off of shareholders

Looking for some assistance with a couple of questions for an assignment due soon. It's an intermediate acct class and is based off of shareholders equity, share-based compensation, and earnings per share. I would like to see how you got to the answer you feel is correct; showing the work either in an excel document or word with explanation will suffice. Amount listed is final offer. Thanks in advance!

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image text in transcribed 1. Twenty-five thousand shares reacquired by Bremer Corporation for $53 per share were exchanged for undeveloped land that has an appraised value of $1,700,000. At the time of the exchange, the common stock was trading at $62 per share on an organized exchange. Required: (a) Prepare the journal entry to record the acquisition of land assuming that the purchase of the stock was originally recorded using the cost method. (b) Briefly identify the possible alternatives (including those that are totally unacceptable) for quantifying the cost of the land and briefly support your choice. 2. Samuels, Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $100,000. Required: (a) Prepare the journal entry for the issuance when the market price of the common shares is $165 each and market price of the preferred is $230 each. (Round to nearest dollar.) (b) Prepare the journal entry for the issuance when only the market price of the common stock is known and it is $170 per share. 3. The common stock of Rainer, Inc. is currently selling at $120 per share. The directors wish to reduce the share price and increase share volume prior to a new issue. The per share par value is $10; book value is $70 per share. Nine million shares are issued and outstanding. Required: Prepare the necessary journal entries assuming the following. (a) The board declares and issues a 2-for-1 stock split. (b) The board declares and issues a 100% stock dividend. (c) Briefly discuss the accounting and securities market differences between these two methods of increasing the number of shares outstanding. 4. Crowder Company's ledger shows the following balances on December 31, 2017. 7% Preferred stock$10 par value, outstanding 20,000 shares Common stock$100 par value, outstanding 30,000 shares Retained earnings $200,000 3,000,000 630,000 Required: Assuming the directors decide to declare total dividends in the amount of $366,000, determine how much each class of stock should receive under each of the conditions stated below. One year's dividends are in arrears on the preferred stock. (a) The preferred stock is cumulative and fully participating. (b) The preferred stock is noncumulative and nonparticipating. (c) The preferred stock is noncumulative and is partially participating up to an additional 2%

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